Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Colorado Casualty Expands Small Commercial Appetite
Mar 3 2011 // Colorado Casualty, a Liberty Mutual Agency Corp. regional company, has expanded its small commercial appetite with the addition of more than 60 business classes to its Commercial Protector (BOP) product. The majority of...
Ohio Casualty Targets Small Commercial Growth
Mar 3 2011 // Ohio Casualty, a Liberty Mutual Agency Corp. regional company, announced the expansion of its small commercial appetite with the addition of more than 60 business classes to its Commercial Protector BOP product. The...
Best Affirms CNA and Subs Ratings
Mar 3 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of CNA Insurance Companies and its P/C members, as well as the ICR of...
Markel Appoints James to North American Property Treaty Reinsurance Team
Mar 3 2011 // Specialist insurer Markel International has appointed Nick James to its specialty division as a class underwriter in US and Canada property treaty reinsurance. He will work alongside Robin Ungless and Nick Hillman in...
Louisiana Insurance Commissioner: Rebates, Incentives Available to Homeowners
Mar 1 2011 // Louisiana Insurance Commissioner Jim Donelon wants property insurance policyholders in his state to claim a possible rebate for the assessment from Louisiana Citizens Property Insurance Corp., and homeowners to take...
Capitol Insurance Companies Promote Three
Feb 24 2011 // Middleton, Wis.-based Capitol Insurance Companies has announced three promotions. Kevin A. Klestinski has been named vice president of property and casualty underwriting, Richard F. Boettner has been promoted to director...
Wisconsin’s Capitol Insurance Promotes 3
Feb 24 2011 // Capitol Insurance Cos. of Middleton, Wis., announced that Kevin A. Klestinski has been named vice president of Property & Casualty Underwriting, Richard F. Boettner has been promoted to director of Underwriting –...
Wyoming Bill Would Allow Guns in Cars at Work
Feb 16 2011 // The Wyoming House is considering a bill that would prevent employers from prohibiting workers from keeping guns in their vehicles at the workplace. The House voted 36-23 in favor of House Bill 207, sponsored by Rep. Sam...
Arizona Increases Auto Property Damage Threshold
Feb 14 2011 // The Arizona Department of Insurance has adjusted the threshold amount of property damages insurers may use to non-renew private passenger auto policies to $2,400 because the U.S. Department of Labor, Bureau of Labor...
People
Feb 10 2011 // Cincinnati, Ohio-based Great American Insurance Group’s Property and Inland Marine Division has promoted two insurance executives: Grace Thomas and Cecil Wilson. Thomas was promoted to divisional senior vice...
RLI Creates New Reinsurance Property Treaty Group
Feb 9 2011 // RLI Corp. has created a new Property Treaty Group within its RLI Re Division to expand its capabilities in the reinsurance marketplace. The new group will offer customized assumed property reinsurance solutions to a select...
SPECIAL REPORT: Extreme Weather Batters Insurance Industry
Feb 9 2011 // In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm. To simulate hurricane-like conditions, an industry group has built a wind tunnel big enough...
Florida Senate Committee Postpones Vote on Property Legislation
Feb 8 2011 // For the second straight week, the Florida Banking and Insurance Committee failed to reach a final vote on its comprehensive property insurance bill. The delay comes as committee members remain bogged down over how to...
People
Feb 7 2011 // Great American Insurance Group, headquartered in Cincinnati, Ohio, announced that Michael G. “Mike” Liguzinski will succeed John W. Sullivan as divisional president, Specialty Human Services Division, upon...
New Snow Liability for Massachusetts Property Owners
Feb 7 2011 // “Is it true that if I don’t shovel the snow then I can’t be sued?” As inevitably as the seasons change, this is a question that comes up every fall. For many years, my answer was both lengthy and...
Chinese Drywall: Cracks in Coverage Claims?
Feb 7 2011 // Although not in the national news as much lately, Chinese drywall continues to disrupt the lives and finances of thousands of homeowners and other users of the product. In the courts, homeowners are fighting to obtain...
Travelers Sees Insurance Business Improving
Jan 25 2011 // Travelers Companies Inc. posted a higher-than-expected quarterly profit and the largest publicly traded U.S. property insurer said there were early signs businesses were finally willing to spend more on insurance. Despite...
People
Jan 24 2011 // Marsh appointed Jill Sulkes as head of its U.S. Financial Institutions Practice. Sulkes has more than 15 years of experience in risk management for financial institutions, most recently as a managing director in...
Florida Looking for Ways to Curb Sinkhole Losses
Jan 24 2011 // Florida lawmakers are trying to address the cost of sinkhole claims, which state officials and insurers say are driving up property insurance rates and could threaten the solvency of some domestic insurers if not brought...
Main Street America Introduces Personal Auto, Property Product to Grain Dealers Agents in Indiana
Jan 20 2011 // The Main Street America Group has introduced its Personal Auto MVP property and liability product via its network of nearly 100 Grain Dealers Mutual Insurance Company independent insurance agents throughout Indiana. Super...
